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Empirical studies on information communication technologies (ICT) typically aggregate the informationʺ and communicationʺ components together. We show theoretically and empirically that these have very different effects on the empowerment of employees, and by extension on wage inequality. If...
Persistent link: https://www.econbiz.de/10003868135
Persistent link: https://www.econbiz.de/10003455361
Persistent link: https://www.econbiz.de/10003924436
Empirical studies on information communication technologies (ICT) typically aggregate the "information" and "communication" components together. We show theoretically and empirically that these have very different effects on the empowerment of employees, and by extension on wage inequality. If...
Persistent link: https://www.econbiz.de/10012463674
I describe the challenge of fully integrating securities markets in Europe by integrating the clearing and settlement …
Persistent link: https://www.econbiz.de/10012464171
intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a …
Persistent link: https://www.econbiz.de/10012465569
The stability of the EMS depends crucially on realignment expectations of the market participants. In this paper we discuss how to measure such expectations and how to relate them to economic fundamentals, central bank reputation, and institutional arrangements of the EMS. We find the following...
Persistent link: https://www.econbiz.de/10012474669
The paper discusses the policy problems of a project aimed at substituting several national currencies with one single currency. While these problems are of general interest, the analysis is motivated by the plan for Economic and Monetary Union among the members of the European Community. The...
Persistent link: https://www.econbiz.de/10012475071
This paper discusses a model corporate tax system based on the application of the residence principle. This tax system, while preserving national sovereignties, minimizes the distortions from international capital mobility. The paper is motivated by an analysis of European capital income tax...
Persistent link: https://www.econbiz.de/10012475702
This paper addresses the question of whether the European Monetary System can be copied outside Europe. Our answer is … negative. The EMS is just one element of a more comprehensive design of institutional integration within Europe: the presence … to EMS exchange rate targets in a way that would not be present. say, among the United States, Europe and Japan. The EMS …
Persistent link: https://www.econbiz.de/10012476271